EU’s big bid to challenge Chinese influence

Published

2 years ago

December 1, 2021

Costa Haritos

The EU is to release details of a global investment plan, seen as a rival to China’s Belt and Road initiative

Insiders of the project say it’ll set out “concrete” ideas on digital, transport, climate and energy schemes.

It’s regarded as part of the West’s efforts to counter Chinese influence in Africa and elsewhere.

European Commission President Ursula von der Leyen will present the “Global Gateway” initiative on Wednesday

The EU is looking at how it can leverage billions of euros, drawn from member states, financial institutions and the private sector.

Mrs von der Leyen said in her State of the Union speech in September: “We want investments in quality infrastructure, connecting goods, people and services around the world.”

Wednesday’s 14-page document isn’t likely to explicitly pitch itself as a rival to China’s strategy. The Commission also studiously avoided mentioning China when pressed about the plans on Tuesday.

But Andrew Small, a Senior Transatlantic Fellow at the German Marshall Fund, says the backdrop is inescapable: “Global Gateway wouldn’t exist if you didn’t have Belt and Road.”

Hospotting drives investment advantage

Published

48 mins ago

April 30, 2024

ticker NEWS

How is Hotspotting helping Australian investors?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

Hosted by Mark Wyld.

In this episode, Mark is joined by Tim Graham, General Manager of Hotspotting Australia.

News

Apple removes generative ‘AI’ apps used to make deepfake nudes

Published

4 hours ago

April 30, 2024

ticker NEWS

Deepfakes are incredibly realistic, making it difficult to distinguish between real versus manipulated media.

Apple has removed several generative AI apps from the App Store after an online publication discovered the apps could be used to create nonconsensual nude images.

The number of deepfake porn images and videos has rapidly grown on social media—even ensnaring unsuspecting teens as well as public figures like Taylor Swift.

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins Veronica Dudo to discuss.

News

Will Boeing’s $10B debt offering help it soar?

Published

7 hours ago

April 30, 2024

Nathan Langridge

Boeing has reportedly turned to the debt market, aiming to raise $10 billion in a bid to strengthen its financial position.

On this episode of Hot Shots – Boeing turn to the debt market, Paramount CEO leaves, Elon Musk makes an EV breakthrough in China and Apple strikes back against explicit AI app.

Ticker’s Ahron Young and Veronica Dudo discuss.